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Technology Stocks : Ascend Communications (ASND)

ASND 201.08

+2.6%

Nov 11 3:59 PM EST

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To: James A. Venooker who wrote (55954)	10/16/1998 8:17:00 AM
From: Glenn D. Rudolph	Read Replies (2) of 61433

I guess we got that 50 basis point cut we predicted after all. Looks like we have more cuts to come! How long do you think this current rally will hold up? James, The Fed cut did not change the world economy which has lots of problems. It did change near term psychology so we may rally a little for a few days but we will re-test news lows again in my opinion. Glenn

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